United Oil & Gas plc announced it was nearing the completion of selling its interests in the Podere Gallina licence holding the Selva gas project in Italy. SPA PXOG Marshall Ltd, a subsidiary of Prospex Energy plc, signed a conditional sales and purchase agreement to buy United’s 100%-owned subsidiary UOG Italia Srl for €2.165m ($2.54m […]
Month: November 2024
United cancels £3.2m Maria sale to Quattro
United Oil & Gas plc said it had terminated the agreement with Quattro Energy Ltd to sell its licences in the UK Central North Sea. AGREEMENT The Oil and Gas Authority (OGA) awarded United licence P2480 in its the 31st Licensing Round in August 2019 and licence P2519 in the 32nd Licensing Round, in December 2020. In September 2021, United […]
Hummingbird notes further high grade results
Hummingbird Resources plc said it continued to receive high grade assays from infill drilling at the Kouroussa gold mine in Guinea. KOEKOE The company reported high grade intercepts including a hole of 9 metres at 36.35 g/t at the Koekoe (KK) deposit. Hummingbird added that results continued to support the company’s current interpretation and highlighted additional mineralisation zones. […]
VOG to raise $1.15m with major shareholder Hadron
Victoria Oil & Gas plc (VOG) has agreed a US$1.15 million unsecured loan note with one of its major shareholders Hadron Master Fund. TERMS The company said it had entered into a definitive agreement and will receive the proceeds by 4 April 2022. VOG will repay 110% of the aggregate loan note principal amount without […]
Europa ends plan to acquire Ireland licence
Europa Oil & Gas (Holdings) plc today reported the cancellation of its acquisition of the Frontier exploration licence (FEL), offshore Ireland. NOTIFICATION In June 2020, Europa announced the conditional purchase of a 100% interest in FEL 3/19 near the Corrib gas field from Norwegian company DNO North Sea (UK) Ltd. “Europa has received notification from DNO […]
Kavango further extends option to acquire majority of KKME at Molopo
Kavango Resources plc announced an extension to the exclusive three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Pty Ltd (KKME) at the Molopo project in Bostwana. TARGETS The company last week had a four-day extension and now has until close of business on 18 March 2022. “Technical due diligence of the Molopo Farms […]